Gilder Gagnon Howe & Co. LLC Sells 303 Shares of W. R. Berkley Co. (NYSE:WRB)

Gilder Gagnon Howe & Co. LLC reduced its stake in W. R. Berkley Co. (NYSE:WRB) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,935 shares of the insurance provider’s stock after selling 303 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.06% of W. R. Berkley worth $14,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Coldstream Capital Management Inc. grew its stake in W. R. Berkley by 25.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 9,280 shares of the insurance provider’s stock worth $543,000 after purchasing an additional 1,874 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of W. R. Berkley by 2.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 24,317 shares of the insurance provider’s stock worth $1,423,000 after buying an additional 484 shares in the last quarter. Hancock Whitney Corp increased its stake in shares of W. R. Berkley by 1.8% during the fourth quarter. Hancock Whitney Corp now owns 159,101 shares of the insurance provider’s stock valued at $9,311,000 after buying an additional 2,737 shares during the period. Voya Investment Management LLC raised its holdings in shares of W. R. Berkley by 32.4% in the fourth quarter. Voya Investment Management LLC now owns 132,218 shares of the insurance provider’s stock valued at $7,737,000 after acquiring an additional 32,378 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in W. R. Berkley by 10.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 18,365 shares of the insurance provider’s stock worth $1,075,000 after acquiring an additional 1,806 shares during the period. 68.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WRB shares. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. Wells Fargo & Company upped their price objective on W. R. Berkley from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Truist Financial lifted their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.64.

W. R. Berkley Price Performance

NYSE WRB opened at $70.47 on Friday. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.56 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s fifty day moving average price is $65.50 and its 200 day moving average price is $61.81. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $76.38.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. As a group, equities research analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley’s payout ratio is 7.42%.

W. R. Berkley Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.